Equity Flows Slowly Returning To Europe, But Still Below 2010 Levels
“EM economic projections continue to fall, this time noticeably in Turkey and Brazil. EM economies are suffering from a combination of a weak rise in DM imports, a related deterioration in EM current account balances, sticky inflation and slower growth expectations,” said the Citi Global Strategy and Macro Team in their January 2014 research note on Global Asset Allocation. “Furthermore, we remain very concerned about the reliance of China, and EM more widely, on what we see as an unsustainable credit boom.”
The note is dated . . .
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